The strategy was announced by Waha Oil Company Exploration Department Manager Prof. Edris A. Abualkhair on January 19 during a technical presentation – hosted by Libya’s National Oil Corporation (NOC) – at this year’s Libya Energy & Economic Summit (LEES) 2025.

“Libya’s National Oil Corporation intends to increase crude oil and condensate production to 2 million bpd by 2030,” stated Prof. Abualkhair, adding, “About 95% of Libya’s recoverable reserves are located in the onshore Sirte Basin, in the northeast and Murzuq Basin in the southwest.”

During the presentation, Prof. Abualkhair emphasized that the company will focus on deepening existing wells while using water-injection technologies to improve production capacity. The company also plans to build new gathering facilities, improve well maintenance and workovers, and also improve the research and development of new techniques that will increase oil production.

The company currently produces 322,000 bpd and is poised to support the NOC’s strategy to increase the country’s oil production from 1.25 million to 2 million bpd by 2030.